China and Russia Each Face Challenges in a Global Agricultural Market

PR Web (Feb. 10. 2012) | Both China and Russia have undergone an agricultural transformation over the past thirty years, moving from a communal farm approach to a market-based system. In the latest issue of Applied Economic Perspectives and Policy, two articles discuss the progress and impact these large countries have made and their current place in the global economy. While the agricultural sectors of both economies are expected to grow, each country has unique challenges that will need to be addressed, using tools like domestic subsidies or trade restrictions.